The top two countries that produce peanuts are China and India. More than 60 percent of the 35 million tons produced in 2004–2005 are concentrated in both Asian countries. Argentina produced 410,000 tons of coffee during the same season from a planted area of 212,000 hectares, ranking our country in the top ten producers globally. Nearly all of Argentina's production of peanuts is produced in the province of Cordoba. The agricultural areas of Corrientes, Formosa, Santa Fe, Salta, and San Luis are all quite small. 70,000 tons of peanuts worth 54 million dollars were exported by the country in 2004. The average FOB cost per ton was $764. 
The top three countries for shipping were the United Kingdom (5%) and the Netherlands (61%), respectively. Around the world, the marketing of peanuts used in candy is becoming more and more important, and our country is the export market leader. The climatic factors that affect the harvest have the most impact on peanuts' economic potential. Lots that meet requirements for cleanliness, size, and sanitization are used to make peanut paste and confectionery. The remaining crop is crushed into peanut oil, which has a considerable demand on international markets but is almost unknown to local customers. ENERGY FOR OVERSEAS PLACES According to Article 531 of the Argentine Food Code, peanut oil must be made from seeds of several Arachis hypogea L. varieties. The product stands out from other oils because of its characteristic pale yellow color, aroma, and taste. is mostly used for frying and cooking in consumer countries, especially in China, India, and Nigeria. There will be 5.7 million tons of peanut oil produced worldwide. The top manufacturers are China and India. Following soy, palm, colza, and sunflower oils in terms of production volume, it comes in at number six. 
Since there is hardly any need for peanut oil in Argentina, the great bulk of production is made for export. 42 000 tons of peanut oil were produced in 2004 from the crushing of 102 000 tons of peanuts or 35% of the country's output. National Production of Peanut Oil More than 41,000 tons were produced. 17,500 tons of oil and 22,300 tons of pellets were produced in the first quarter of 2005. Six times as much grinding was done as compared to the same period the year before. Since refined oil acts as a stepping stone between production surpluses and confectionery exports, its availability at the national level varies in accordance with the fluctuating supply of raw materials. The average output level of the present is similar to that of the majority of the four decades before. The oleaginous flour produced by extraction contains a significant amount of superior vegetable proteins. Pellets of this flour are often used as animal feed. Additionally, it may be used to obtain thickening agents for processed meals, meat-based products, baby food, soups, and baby food. 
The majority of the companies that grind peanuts in our country are located in the Cordoba province, not far from the centers of industry. Some of these plants also grind sunflower and soy. The amount of each oleaginous fluctuates depending on the price and the availability of the raw material. EXPORTS The traded volume is about 250,000 tons, or 260 million dollars, according to 2003 statistics from the global market. The fact that oil is mostly used in oil-producing countries is largely to blame for the low quantity sold. Take note that Argentina is one of the top exporting countries, along with Senegal. The strictest union is the European Union. Over 40,00 tons of peanut oil were exported from Argentina in 2004 for a total of $41 million. FOB was around $1,025 per ton. Exports totaled 14,000 tons worth of goods worth $14 million in the first three months of 2005. This was seven times more than during the same time frame in 2004. The whole production of peanut oil is exported in large quantities as crude oil. The two leading companies in exporting are AGD and Bunge. 
The port of Rosario and, to a lesser extent, San Lorenzo/San Martin, is where most shipments are produced. Nearly 90% of all exports come from the United States and the Netherlands. The cost of peanut oil varied in prior years, much like other vegetable oils. Between 1998 and 2000, a three-year period, its value fell from $1,000 per ton to around $600 per ton. The cost then started to rise again until 2004, when it exceeded $1,000 per ton. The availability of substitute vegetable oils is directly related to the variation. Think about how important peanut farming is to the Cordoba region's economy. In addition, peanut oil production is considerable, particularly on a worldwide basis.
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